Power Nickel Inc. Unveils Exciting Drill Results at Lion Zone

Power Nickel Inc. Showcases Impressive Drill Results

Power Nickel Inc. (TSXV: PNPN) recently announced significant findings from its fall drilling campaign at its Lion Zone, marking another key milestone in their ongoing exploration efforts. The drill hole PN-24-079 delivered an impressive 6.26% copper equivalent (CuEq) over 10.25 meters, and 4.29% CuEq over 20.05 meters, underscoring the high mineralization capacity of the area.

Details of the Drilling Campaign

The fall campaign focused on exploring the depths and western extensions of the Lion zone. Notably, drill hole PN-24-079 successfully confirmed the high-grade mineralization trend originally established in the preceding hole, PN-24-078. Additionally, PN-24-080, drilled approximately 75 meters west of the pivotal hole, produced sporadic metal values testing the mineralized horizon above the expected plunge of the zone.

Drill Results Summary

Following Hole PN-24-079's success, Hole PN-24-081 was drilled approximately 100 meters deeper than PN-24-080 and also hit the top edge of the main Lion Zone, returning time-tested values that give the team confidence in the exploration results. The consistent high-grade intersections validate the exploration model being employed by Power Nickel and further establish the robust potential of the Lion Zone.

Enhanced Understanding of the Mineralization

With these promising results, CEO Terry Lynch expressed enthusiasm about the exploration advancements in the Lion Zone. He noted that the results continue to inspire the team about the area’s potential. As the winter drilling program progresses, Power Nickel expects to complete an additional 15,000 meters of drilling by the end of April 2025, with plans for at least 14 more holes to report from this current autumn drilling program.

Future Exploration Plans

The ongoing exploration efforts focus not just on the Lion Zone but also seek to strengthen the understanding of the geological framework. The company is currently working on preparations for the 2025 drill campaign, including core cutting, road preparations, and facility upgrades to handle multiple drills efficiently. The first two drill rigs are already mobilizing, with the anticipation of a third drill commencing operations shortly thereafter.

Technological Advancements Benefiting Exploration

Power Nickel is also utilizing advanced geophysical methods, including electromagnetic (EM) surveys, to identify multiple conductive targets that could extend beyond the existing known mineralization. These efforts aim to enhance the scope of exploration, ensuring a higher yield of significant mineral resources.

Professional Oversight and Company Profile

Joseph Campbell, VP of Exploration, is overseeing the drilling operations and has indicated confidence in the discovery potential of the Lion Zone. His insights highlight ongoing improvements in understanding the zone's geological continuity, offering reassuring prospects for resource expansion.

About Power Nickel Inc.

Power Nickel Inc. is a Canadian exploration company dedicated to developing its high-grade nickel copper, PGM, gold and silver Nisk project into Canada's next poly-metallic mine. The company aims to solidify its position in the mining sector with consistent exploration efforts, leveraging its resources in British Colombia and Chile for future growth.

Frequently Asked Questions

1. What are the significant results from Power Nickel's latest drilling?

They reported a 6.26% copper equivalent over 10.25 meters and 4.29% over 20.05 meters from Hole PN-24-079.

2. What is the focus of Power Nickel’s current drilling campaign?

The campaign concentrates on the Lion Zone, particularly exploring the depths and extensions of its mineralization.

3. How many more drill holes does Power Nickel plan to report?

The company intends to report results from 14 additional holes that are part of the autumn drilling program.

4. Who oversees Power Nickel's exploration activities?

Joseph Campbell, the VP of Exploration, oversees drilling and exploration activities.

5. What are Power Nickel’s primary goals for 2025?

The goal is to drill approximately 15,000 meters and expand the known mineral resources in the Lion Zone.

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